Edit:
Quote
Use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009. The Zimbabwean dollar is due to be demonetised (no longer legal tender) by the end of 2015.
https://en.wikipedia.org/wiki/Zimbabwean_dollar
Topic: 175 Quadrillion Zimbabwean Dollars Now Equals 0.02164502 BTC - page 2. (Read 7424 times)
AFAIK the Zim Dollar is no longer in use, Zimbabwe is now using the US Dollar
Edit:
https://en.wikipedia.org/wiki/Zimbabwean_dollar
Edit:
https://en.wikipedia.org/wiki/Zimbabwean_dollar
Hyperinflation is a bitch. it can't be converted into any other currency. They have the second worse case of hyperinflation in history
The Zimbabwe dollar is worthless. They're literally not worth the paper they're printed on (or at least they're not worth what they cost to make)
So, are you saying that a country could go broke if the printing cost for their currency exceeds what the denominations are worth?
The Zimbabwe dollar is worthless. They're literally not worth the paper they're printed on (or at least they're not worth what they cost to make)
crazy In three years time the inflation went from under a thousand percent to nearly 80 billion percent. They had to constantly write additional zeros on their bank notes or else you had to take a whole wheelbarrow full of bills with you to buy a bread.
many people turn to barter or other types of trade that are not dependent on currency. Sadly, in most affected countries, this also means a large increase in crime.
So what happens to the people living there? How do you buy anything?
Well one thing's for sure, growing up with that many zeros, these guys must have paranormal math abilities by age 30 just by going to the grocery store every week 
Seriously though, imagine having to add, multiply, divide 6-8-digit numbers multiple times every day. Good for them! 
Seriously though, imagine having to add, multiply, divide 6-8-digit numbers multiple times every day. Good for them! The prices probably are in million Dollars. So it would not make a so big difference if you pay $3.50 for your bread or $3.5 Million. I doubt any seller would bother to use all the places of the prices.
It would be fun though in developed countries. Instead $4.99 you would maybe have $4,999,999,999.99 or so.
Though in fact they would limit it too.
Well one thing's for sure, growing up with that many zeros, these guys must have paranormal math abilities by age 30 just by going to the grocery store every week Seriously though, imagine having to add, multiply, divide 6-8-digit numbers multiple times every day. Good for them!
Seriously though, imagine having to add, multiply, divide 6-8-digit numbers multiple times every day. Good for them! 
South African Rand is also legal tender in Zimbabwe nobody actually uses the official currency, it's all USD or Rand.
They could definitely use a bitcoin money transfer system from ZA->Zim because it's impossible as hell for migrant labors in South Africa to wire money home. You need piles of ID cards and money transfer corps charge enormous fees when usually these guys are just transferring weekly small amounts under $200.
They could definitely use a bitcoin money transfer system from ZA->Zim because it's impossible as hell for migrant labors in South Africa to wire money home. You need piles of ID cards and money transfer corps charge enormous fees when usually these guys are just transferring weekly small amounts under $200.
Where do you get this false information? It's actually very easy to get money sent form S.A to Zim, what is difficult is sending money out of the country.
For Bitcoin to be worth anything to us we need a means to either spend it as bitcoin or easily change it to USD. Currently that is nearly impossible. Bitcoins utility here is almost non-existent except for fringe people like myself. Here everyone is signing up for Mobile money solutions like Ecocash, hell they are even offering us Mastercard access , meaning i can go global with it.
For bitcoin to work, we need to be able to use it.
Migrant workers need 'official South African ID' and most are not registered so can't use WU or other money transfer unless it's black market for like 10%+ fee
http://www.aljazeera.com/video/africa/2013/05/201352033350727917.html
South African Rand is also legal tender in Zimbabwe nobody actually uses the official currency, it's all USD or Rand.
They could definitely use a bitcoin money transfer system from ZA->Zim because it's impossible as hell for migrant labors in South Africa to wire money home. You need piles of ID cards and money transfer corps charge enormous fees when usually these guys are just transferring weekly small amounts under $200.
They could definitely use a bitcoin money transfer system from ZA->Zim because it's impossible as hell for migrant labors in South Africa to wire money home. You need piles of ID cards and money transfer corps charge enormous fees when usually these guys are just transferring weekly small amounts under $200.
I've always found it amusing and fascinating how the Zimbabwean currency lost so much of its value.
You know that sad laugh of surrender.... it became so natural here you would think that is how all of us laugh.
I guess I could finally become a Gazillioniare! 
I've always found it amusing and fascinating how the Zimbabwean currency lost so much of its value.
It must be very disappointing for the people of Zimbabwe. It will bring so much of troubles for them. I wonder how many of them will be able to switch US dollars as the price of it is beyond their wildest of imaginations.
Zimbabwe is so poor, their official alt coin is divisible by 1 million decimal places.
you are joking, but i think that zinbabwe could actually benefit from any altcoin, they could start pumping some of those death coins, and take more profit than their toilet paper
are they technological advanced enough, because it is strange that they are not interested in crypto currency, any poor state should turn its attention to bitcoin or atlcoin at least
They are using gold as payment. (not to praise gold bugs), however gold indeed is performing well in these situations.
However if the western world falls, bitcoin will be much more usable, since we got internet here.
Perhaps a zimbabwe designed altcoin could also help them, if they would get the infrastructure (radio,phone,internet) done.
The question is how many pieces of paper would you need to even get a few greenbacks
Honestly if they had a PC they would make a killing online selling them on ebay + shipping.
Honestly if they had a PC they would make a killing online selling them on ebay + shipping.
There is a huge demand for 100 trillion Zimbabwe Dollars in Ebay and other online shopping websites. But unfortunately, the ordinary Zimbabweans will be unable to profit from them, as I don't think that Ebay accepts vendors from Zimbabwe. Most of the sellers in Ebay are either from Western nations such as the United States or the United Kingdom, or from neighboring countries such as South Africa or Botswana.
Zimbabwe is so poor, their official alt coin is divisible by 1 million decimal places.
you are joking, but i think that zinbabwe could actually benefit from any altcoin, they could start pumping some of those death coins, and take more profit than their toilet paper
are they technological advanced enough, because it is strange that they are not interested in crypto currency, any poor state should turn its attentionto bitcoin or atlcoin at least
Even if it could be smart solution per se, especially as a base of monetary system, there is a serious problem: what distribution among the citizens would look like? Even if everyone gets public keys printed on paper, they will need a possibility of quick verification at any time.
they could start with signing message, each address belongs to one entity, so it should be a good way to prevent abuse
you can add then maybe a video for a more proof that you actually own that address, with your nickname added there
Zimbabwe is so poor, their official alt coin is divisible by 1 million decimal places.
you are joking, but i think that zinbabwe could actually benefit from any altcoin, they could start pumping some of those death coins, and take more profit than their toilet paper
are they technological advanced enough, because it is strange that they are not interested in crypto currency, any poor state should turn its attentionto bitcoin or atlcoin at least
Even if it could be smart solution per se, especially as a base of monetary system, there is a serious problem: what distribution among the citizens would look like? Even if everyone gets public keys printed on paper, they will need a possibility of quick verification at any time.
Zimbabwe is so poor, their official alt coin is divisible by 1 million decimal places.
you are joking, but i think that zinbabwe could actually benefit from any altcoin, they could start pumping some of those death coins, and take more profit than their toilet paper
are they technological advanced enough, because it is strange that they are not interested in crypto currency, any poor state should turn its attention to bitcoin or atlcoin at least
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